Sampo (OTCMKTS:SAXPY) Upgraded by Berenberg Bank to Strong-Buy Rating

Sampo (OTCMKTS:SAXPY) was upgraded by equities researchers at Berenberg Bank to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Sampo Price Performance

Shares of SAXPY opened at $21.55 on Wednesday. Sampo has a 1-year low of $15.70 and a 1-year high of $22.39. The stock has a market cap of $115.99 billion, a PE ratio of 23.68 and a beta of 0.58. The firm has a 50-day simple moving average of $20.96 and a two-hundred day simple moving average of $20.21. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.32 and a quick ratio of 0.32.

Sampo (OTCMKTS:SAXPY) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.16 billion.

About Sampo

Sampo Oyj, together with its subsidiaries, engages in the provision of non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, and the United Kingdom. The company operates through If, Topdanmark, Hastings, Mandatum, and Holding segments. It offers property, casualty, liability, accident, sickness, household, homeowner, motor, travel, marine, aviation, transport, forest, livestock, health, workers compensation, car, van, and bike insurance services, as well as reinsurance services.